Sources tell CNN the negotiations have been largely positive but that the Strait of Hormuz remains a key sticking point.

The U.S. military said on Saturday that it had started “setting conditions" for clearing ​mines in the Strait of Hormuz, with two U.S. warships ‌passing through the key waterway.

Gregory Daco of EY Parthenon told Reuters the consequences of the war will weigh on Americans across the income distribution, and likely lead to a slowing economy and higher unemployment by the end of...